They currently rate KNL as a spec buy with 42c target:
"We view Kibaran Resources (KNL) as a prospective future natural flake graphite producer from its projects in Tanzania. We consider the European based offtake partners, ThyssenKrupp in particular, as a significant advantage, and view the intended level of production as prudent given current market dynamics. The Company has completed a bankable feasibility study (BFS) for its 100% owned Epanko Graphite Project indicating a positive economic scenario. In addition, KNL has concluded binding offtake agreements for a combined 30ktpa of graphite concentrate. With all permits granted, the remaining step is financing. We view KNL as making good progress towards development of Epanko and rate the stock a Speculative Buy with a price target of A$0.42/share"
Would expect next KNL announcement involves details of mine funding.
Patterson's made this comment:
"The relationship with ThyssenKrupp is a major advantage for KNL and, we expect, would be a significant advantage in discussions with financiers on project funding."
Cheers
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